Adidas Expects 2024 Currency-Neutral Sales To Grow At Mid-Single-Digit Rate; Sales ~€250M
Portfolio Pulse from Benzinga Newsdesk
Adidas anticipates its currency-neutral sales to grow at a mid-single-digit rate by 2024, with expected sales of approximately €250 million.
January 31, 2024 | 5:41 pm
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Adidas, listed as ADDYY in the US, expects a mid-single-digit rate growth in currency-neutral sales by 2024, aiming for sales of about €250 million.
The announcement of expected sales growth is a positive signal for investors, indicating that Adidas is anticipating a solid performance in the coming years. This projection can lead to increased investor confidence and potentially drive the stock price up in the short term. The relevance is high as the news directly pertains to Adidas's financial outlook, and the importance is significant given that sales growth is a key indicator of a company's health and future prospects. The confidence level is high due to the specificity of the growth figures provided by the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100